Semi-weekly south Kentuckian. [volume] (Hopkinsville, Ky.) 1883-1889, 1887-08-05
THE o v. PROPOSITION.
To be Voted on IN the Hopkins
vile Magisterial District
August 20.

nag CO't Wy iiOph1uo- ( OhbEh'
i vile Magislerial Dis
| trict.
The Ohio Valley Railway Compa-
ny, formally appeared by its attorney,
j. Il. Clay, and filed its petition which
reads in words aud figures as follows,
to-wit:
To THE COUNTY Court OF CHRISTIAN
County. KENTUCKY:
The Ohio Valley. Railway Compa-
NY, formerly the South Kentucky
Railroad Company, chartered by an
act of the General Assembly of the
Commonwealth of Kentucky, ap-
proved 18th day of March 1871, and
the several amendments thereto, by
order of its Board of Directors, re-
spectfully requests your honorable
Court TO submit TO the qualified vo-
iers or what is known Ms the iiop-
kinsville Magisterial District of
Christian County, Kentucky, or Civil
District No. i at an election to be held
under and in accordance with the
act of its Incorporation, on day to
he designated by this Court, not more
than sixty (G0) days nor less than
thirty (30) days from the date that
said election Is ordered, the question
whether or not the said District shall
subscribe one thousand Il 1000 shares
Of one hundred (Sl00) dollars each 10
the capital stock of the Ohio Valley
Railway Company, on the following
terms aud conditions to-wit:
Condition first That no part ofthe
amount for said stock shall be due or
payable until acontinuous line of rail-
way, of a standard guage, shall be
constructed by said Ohio Valley
Railway Company, from the town of
Princeton, Kentucky, TO the limits of
the city OF lIopkinsville, Kentucky,
nor until train of cars shall be run
over said railway, nor unless said
railway is constructed on or before
the lst day of January 1889, provided,
however, that if the Ohio Valley
Railway Company shall, in good
faith, and within a reasonable time
after favorable vote on this propo-
sitioD, begin the construction of its
road and be prevented by stress of
weather or any extraordinary hap
pening, from constructing the road
within the time aforesaid, then the
subscription shall not be, therefore,
on that account void, but reasona-
BILE time shall be extended in such an
event beyond The date named, for the
construction of said road as afore-
said:
Condition second: That the Ohio
Valley Railway Company shall un-
dertake and bind itself, on the pay
ment of the money for said Stock, or
ON the delivery of the bonds as here
in after recited. to refund to the Hop
kinsville Dristrict the amount so
paid OH the face value of the bonds
delivered in payment OF its subserip-
ton, in the event the Louisville u
Nashville railroad Co. or any success
sor thereof shall obtaiT the possession
and ownership Of said Ohio Valley
Railway Company, within twenty
years from this date, provided, how
ever, that II the stock Of the Hopkins
vile District shall be voted or used
for the purpose OF enabling said Lou
isville & Nashville Railroad Conipa-
ny TO obtain the possession and own
ership of said Ohio Valley Railway
Company, then this obligation on the
part of the said Ohio Valley Railway
Company shall cease and determine
Condition third In the event a
favorable vote is had on this propo-
sition, the stock is subscribed and
paid for, the Ohio Valley Railway
Company hereby agrees and binds
itself to give as favorable rates, in
proportion to the distance. TO the peo-
pie and shippers of the Hopkinsville
District as II may give to any other
point on its line between its termim
and not TO make or permit to be made
any unjust discrimination in the mat
ter of freights or passage against the
people of or shippers of said Hopkins
Vile District.
Condition fourth: That in pay
inent of the stock subscribed by said
district, it shall issue and deposit
with three trustees 20 be named In
the order submitting this proposition
bonds of said district for the sum OF
one hundred thousand (SlO0,QO0 pO)
dollars, with coupons attached fof
the interest, 10 be made payable to
said Ohio Valley Railr@1N Company
or hearer, due and payable twenty
years after the date Of their usual
with the option on the part of the
district TO redeem the same at any
time after 8 years from their date,
bearing interest at the rate Of SIX per
cent per annum, payable semi-an-
nually, both principle and interest
payable at the banking house OF
Latham, Alexander " Co., in the City
of New York. Said bonds to be in
denominations of not more than one
thousand dollars, nor less than one
hundred dollars each, which said
bonds shall be held by the trustees
to be hereafter named in the order OF
the Court in trust to be delivered and
shall be by them deliveredto the said
Ohio Valley Railway Company, wher
said railway shall have been con
structed as mentioned In condition
one of this proposition, and a train o.
cars rnn thereon, and WITHIN tue TINT
therein provided, provided, however
that any coupons falling due for in